Mortgage Protection First Year Income Average?

[Winter_123]

Re: Mortgage Protection First Year Income Avg?

Hello everyone. I know absolutely nothing about insurance but want to make a lot of money real quick. Please teach me everything you know but keep it short. I don't like to read too much.

Thanks!

Two words: Tahitian Noni Juice


--Anonymous

 

[rapidrobert]

Yoni Yum?

 

[Guest]

Re: Mortgage Protection First Year Income Avg?

Two words: Tahitian Noni Juice


--Anonymous

That's three words.

 

[jdeasy]

Flirting with Design Benefits Plans and their CA Mortgage Protection plan that uses the "American Mortgage Protectors" mailers (Just like NAA). My license exam is on the 29th.


I keep hearing every week how much money this business will make agents. I see some production in their weekly newsletters and so on, but I'm wondering, (since I havent sold Insurance for about 16 years) since I'm a newbie for all intent and purposes, what is a realistic first year income with this?

No guarantees, I understand that.

For the year of 2005, I was a "mortgage protection specialist" with NAA. 2005 was my first full year with them. I took 10 leads per week at about $25/lead. I wrote more than 300 apps for $250,000+ AP. I was on an 75% contract for half the year and 80% for half.

I was the number one producer for my GA's group and in the top 15 producers for NAA as a whole.

After chargebacks, declined, NTO's, etc., I made $65,000. Of that, I had to pay $10,000 in lead costs. For a net of $55,000. Then I had all my expenses to pay from that.

I didn't build a team and had no interest in doing such. All my income was from my own pen. They have the income ring for people than make $100,000+. You do not see any individual producers get that ring.

Because I wasn't interested in building a team and drinking the kool-aid, they started cutting my leads. I did $200,000 AP in 2006. Having learned a thing or two about placements, I made almost the same income as '05.

I got into the senior market for '07 and almost doubled my income while paying less for leads. That trend continues for '08.

I just had a company send me 10 free mortgage leads as an enticement to buy more from them. They normally seel for $25/each and they are your leads, unlike the recycled NAA leads. I agreed to work them and they are worth exactly what I paid for them. I am doing a med sup on one of them tomorrow and that will be the only sale I will get from them.

The mortgage protection is a great training for you. Don't be captive with someone so that you can't branch out once you learn the ropes.